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Allens Links up to secure currency deal

Allens Links up to secure currency deal

Allens joined forces with Linklaters to advise Arle Capital Partners on its acquisition of the remaining 50 per cent interest in Securency International from RBA.

Firms: Allens with Linklaters (Arle Capital Partners and its portfolio company, Innovia Films)

Deal: Acquisition of the remaining 50 per cent (approximately) interest in Securency International Pty Ltd from the Reserve Bank of Australia (RBA)

Area: M&A

Value: Undisclosed

Key players: Partner Niranjan Arasaratnam led the Allens team, together with partners Warwick Newell and Michael Graves. London partners Ian Bagshaw and  Bruce Bell led for Linklaters.

Deal significance: The deal was completed on 28 February 2013. Securency has been jointly owned by Innovia and the RBA since 1998, and is a world leader in banknote counterfeit prevention through the manufacture and supply of its advanced Guardian® polymer-based banknote substrate. Currently in issue in 21 countries around the world, including Australia, Canada and Mexico, Securency's Guardian® banknotes are highly durable, safe and secure.

“This was a complicated matter that required a number of practice areas across the firm to collaborate, particularly the corporate, finance and international obligations teams,' Arasaratnam said.

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